A company failed to record unrealized gains of $37 million on its available for sale debt security investments. Its tax rate is 25%. As a result of this error, comprehensive income would be:

Answers

Answer 1

Answer:

Question #1

A company failed to record unrealized gains of $32 million on its available for sale security investments. Its tax rate is 35%. As a result of this error, comprehensive income would be:

a) Understated by $20.80 million

b) Overstated by $11.20million

c) Understated by $32.00 million

d) Unaffected

Question #2

A company failed to record unrealized gains of $21 million on its trading security investments. Its tax rate is 40%. As a result of this error, total shareholders' equity would be:

a) Understated by $12.60 million

b) Understated by $21.00 million

c) Understated by $8.40 million

d) Unaffected

PLEASE show me your entire work for full credit. Thanks!!


Related Questions

Which of the following is NOT a duty imposed on partners?

a.
- Disclosure of full information.

b.
- To account for benefits received.

c.
- Good faith.

d.
- Fidelity (where the partner enters a partnership in another, unrelated, industry).

Answers

Answer:

to account for benefits received

What’s a good ship name for Ronica and Jaevin

Answers

Ahh let’s say Ships n' Giggles

why is decsion necessary​

Answers

Do you mean decision?

What is a labor market?

Question 6 options:

the availability and demand for jobs in a certain area


a place where people can go to learn about jobs


an online stock exchange that tracks jobs


a career cluster dealing with manual jobs

Answers

Answer:

the availability and demand for jobs in a certain area

A labor market is simply the:

A. Availability and demand for jobs in a certain area.

Based on the given question, we can see that we need to show the correct answer to the question which asked for the definition and explanation of what a labor market is.

With this in mind, we can see that a labor market has to do with how available the demand for jobs are in a certain area and the man power that is needed to fill such vacancies.

Therefore, the correct answer is option A

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what is 5 disadvantages of cryptocurrency?​

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Answer:

What are the disadvantages of cryptocurrencies?

Unregulated Markets: Firstly, the biggest advantage of cryptocurrencies is that they can function without the existence of a central bank that coordinates their activities. However, this is also the biggest disadvantage of these investments. Firstly, since there is no central bank or exchange which mediates all transactions, most of them are irreversible. Secondly, since there is no centralized party or government which enforces its value. The value of the coin is purely determined by the value which peers investors place on it. Hence, if the investing community were to lose interest in a particular cryptocurrency because of a security incident, the units of that currency could become worthless overnight!

Volatile: Cryptocurrencies have still come a long way as compared to the past. However, they are still a very nascent technology. This means that the markets are still extremely volatile. It is common for cryptocurrencies to double in value in a matter of months. It is also common for cryptocurrencies to halve in value within the same period of time. Hence, for the moment cryptocurrencies are used by investors who are not afraid of speculation or volatility. Investors who are looking for a stable source of value for their investments continue to steer clear of the cryptocurrency markets.

Data Loss: The money invested in cryptocurrencies is held in digital wallets which are protected by digital passwords. If the owner deletes these passwords and is not able to recover them on his own, there is a big possibility that the money locked in the digital wallet may become inaccessible to them.

Legal Hassles: The problem with cryptocurrencies is that they are completely anonymous. As a result, they are widely used by crime syndicates and other people indulging in unlawful activities. Since cryptocurrencies are not regulated by the government, criminals find this to be the best way to launder their money. As an investor, this can be problematic. Since the market is completely anonymous, it is possible that investors could be aiding and abetting such money laundering activities without having any knowledge of the same. It is possible that investors might end up in a legal quagmire simply because they traded cryptocurrencies. In order to avoid such problems, many investors avoid investing in cryptocurrencies altogether. Apart from the issues mentioned above, many countries have made issuing and accepting cryptocurrencies an illegal activity. If investors trade these currencies despite the ban, then too, they are involved in illegal activities and could face legal repercussions.

Tax Hassles: Since cryptocurrencies are relatively new, there is still a lack of clarity about how the gains from these investments need to be taxed. Since the rules are not completely clear. Most countries in the world do not have tax gains from cryptocurrencies mentioned in their tax code. Even though this mention has not been explicitly done, investors are supposed to mention the income and pay taxes on them.

Since governments do not have a strong mechanism to determine the exact income from cryptocurrencies, some investors have tried to avoid paying taxes on them. This has landed them in trouble with the tax authorities. In many cases, investors genuinely wanted to pay their dues. However, due to the confusion about the exact nature of tax that needs to be applied to cryptocurrencies, they have been unable to do so. Hence, paying taxes on cryptocurrencies is also a complex task that requires significant transaction costs.

Jake nickells crowdsourcing approach to his business initially kept the business finances under control in all of the following ways except

Answers

Answer:

It eliminated the need for fixed costs.

Explanation:

Jake Nickells crowdsourcing approach to his business initially kept the business finances under control in all of the following ways except that it eliminated the need for a fixed cost.

Crowdsourcing simply means a sourcing model where individuals or organizations obtain goods or services from a large group of participants.

It should be noted that Jake Nickells crowdsourcing approach to his business initially kept the business finances under control as it enabled bulk printing, eliminated the need to hire employees, etc. It should be noted that it didn't eliminate the need for a fixed cost.

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An important part of dashboard design is ensuring that charts, graphs, and other visual elements are cohesive. This means that they are _____ and make good use of available space.

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An important part of dashboard design is ensuring that charts, graphs, and other visual elements are cohesive. This means that they are balanced and make good use of available space.

A dashboard simply means a visual display of the vital information needed in order to achieve a given objective. It should be noted that dashboards are important as they influence the behavior of a user and boost retention rates.

An important part of dashboard design is ensuring that charts, graphs, and other visual elements are cohesive. Therefore, cohesiveness simply means that they are balanced and make good use of available space.

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compare the company profit performance and financial position with the average for the industry

Answers

Answer:

what average for the industry

Explanation:

can i have a choise

Whats the best Kool-aid packit

Answers

Answer:

ik this doesnt help, but there all  gross in my opinion sry lol

Explanation:

Answer:

lemonade grape red white and blue and blue raseberry

Explanation:

Which statement is true about a homeowner's exemption? It must be filed every year . Certain homeowners may qualify for a $10,000 exemption . Once filed, it remains until terminated . None of the above .

Answers

Answer:

Certain homeowners may qualify for a $10,000 exemption

In a homeowner's exemption, certain homeowners may qualify for a $10,000 exemption. The correct option is b.

What is California's homeowner's exemption?

The California Revenue and Taxation Code provide homeowners with a $7,000 reduction in the taxable value of a qualifying owner-occupied residence for purposes of computing the annual property tax assessment. With an approximate 1% property tax rate, the exemption provides roughly $70 in annual property tax savings.

The home must have been the principal residence of the owner as of January 1 of that tax year to qualify for the homeowners’ exemption. The new owner will automatically receive an exemption claim form in the mail and there is no cost to file. To receive 100% of the exemption ($7,000), an owner must file by February 15. If the form is filed after February 15 but before December 10, an owner will receive 80% of the exemption ($5,600) for that year. Once granted, the homeowners’ exemption remains in effect until the title to the property changes.

Or if the owner no longer occupies the house as their principal place of residence.

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#SPJ2

All of the following are loss of control risks except ________. (1pts) Question 36 - All of the following are loss of control risks except ________. high unit cost forever vendor in driver's seat identity changes technology direction enhancements in wrong priority

Answers

Loss control is an important measures taken by individuals to prevent or reduce loss cycle from accident, injury etc. All except Identity changes are loss of control risks.

Loss Control ia often regarded as a risk management technique. It aim to reduce the likelihood that a loss will take place and/or reduce the highness of those that will take place.

It is also called risk control or safety. .

Examples are Involuntary immobility due to great fear, during earthquakes, tornadoes, and floods is a common form of loss of control.

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how does Quickbooks online use smart learning?

Answers

Answer:

Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds. Because bank feeds includes all transactions of bank account. What 2 reasons might mean a transaction needs to be excluded in bank feeds?

Explanation:

Quickbooks online use smart learning by : Recognizing if transactions have been excluded erroneously from bank feeds.

Quickbooks is an accounting software that assist businesses manage their income and expenses. The software also keep track of the financial health of the business.

The possibility of recognizing if transactions have been excluded erroneously from bank feeds is evident in usage of quickbooks online.

The software help to track customer profitability from the consolidated data of customers and suppliers in a detailed way, which allows for greater analysis and decision-making.

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Your new business has 10,000 in monthly fixed expenses. You are selling sandwiches for an average price of $7 per sandwich. Each sandwich has a variable cost associated with production that costs an average of $3. What is your contribution margin?




$2,500


$3


$4


$7


$10,000

Answers

If  each sandwich has a variable cost associated with production that costs an average of $3. Your contribution margin is $4.

Using this formula

Contribution margin=Selling price per unit-Variable cost per unit

Where:

Selling price per unit=$7

Variable cost per unit=$3

Let plug in the formula

Contribution margin=$7-$3

Contribution margin=$4

Inconclusion your contribution margin is $4.

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How does consumer law damage business?

Answers

Complying with the law will avoid legal problems and assure customers about the quality of the products sold by a business. ... It will also help to maintain a good reputation for the business.

In order to compare and evaluate choices, there must be a set of
a. Resources
b. Decisions
C. Consequences
d. None of the above
Please select the best answer from the choices provided

Answers

the answer is a) Resources.
there must be a set of resources to compare and evaluate choices.

True or False: The claim that some people made in the popular press is not consistent with the model in this chapter. True False True or False: The change in the real exchange rate that resulted from the decline in the quality of U.S. products may increase our standard of living. True False

Answers

Answer: true, false

Explanation:

Professional organizations and producer groups have an incentive to a. encourage advertising in order to enhance competition on the basis of price. b. restrict advertising in order to enhance competition on the basis of price. c. restrict advertising in order to reduce competition on the basis of price. d. encourage advertising in order to reduce competition on the basis of price.

Answers

Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.

Advertising has the power to influence the tastes of the consumers of a product. Effective restrictions on advertising also helps to raise the profit that a business makes.

It does this by the reduction of price sensitivity and also leading to a fall in the number of competitive firms.

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What is the duties of business before transaction?

Answers

Answer:

Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.

Explanation:

hope it helps you

Being a single parent can be tough because
A.
You have twice the income and half the expenses.
B.
Changes in welfare laws increase the amount of time welfare will help the single parent.
C.
Taxes are much higher for single people than for those who are married.
D.
Working to support the family often means paying higher costs for child care.

Answers

Answer:

the answer is letter D

Explanation:

because as a single mother, you have to support your family, and needs to pay higher cost for your children.

The answer is letter D.

True or False: The purchases of items from foreigners will be greater than the sales of items to foreigners. True False

Answers

Answer:

The correct answer is false.

Explanation:

From the perspective of the United States, the demand for foreign currencies in exchange for dollars reflects purchases by Americans of goods, services, and assets from foreigners. The supply of foreign currencies in exchange for dollars reflects sales by Americans of goods, services, and assets to foreigners. The equilibrium exchange rate will bring the quantity of foreign exchange demanded by Americans into balance with the quantity supplied by foreigners. Thus, it will also bring purchases by Americans from foreigners into balance with sales by Americans to foreigners. See section: Determinants of the exchange rate.

1. Give short introduction of the professions in public service sector.​

Answers

Explanation:

#1 Listen to the team. ...

#2 Respect the chain of command. ...

#3 Get your hands dirty. ...

#4 Deliver on promised results. ...

#5 Resolve conflicts quickly. ...

#6 Value people. ...

Organizational cohesiveness. ...

Respect and trust.

If the monopolist faces a constant marginal cost of $5, how much output should the firm produce in order to equal marginal revenue with marginal cost

Answers

Answer:

7

Explanation:

Maybe

If a firm's marginal costs _____ then its _____. Group of answer choices rise; output increases fall; best-response curve shifts rise; forced out of the oligopoly fall; price falls

Answers

If a firm's marginal costs fall, then its price falls.

This is based on the principle that if the marginal cost of a product or firm rises, that implies that the firm is operating at a high fixed cost, thereby leading to an increase in the cost of production, which generally equates to products having a high price.

On the other hand, where there is low marginal cost, production costs reduce because the products are being produced at a lower fixed cost. Thereby leading to lower prices.

Hence, in this case, it is concluded that "If a firm's marginal costs fall, then its price falls."

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A company wants to cultivate brand ambassadors for their new product so that others will follow their trail. They should go after:

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A company that wants to cultivate brand ambassadors for its new product so that others will follow in its wake should go after celebrities and digital influencers who use social media to generate publicity and engagement for a product.

It's a marketing technique called celebrity endorsement, which is a strategy to reach a larger number of people through a certain celebrity's fan audience.

This is an advantageous strategy capable of increasing the brand equity, generating greater identification, engagement and influence over a product and service.

Therefore, it is necessary for the company to use celebrity endorsements by choosing ambassadors who have a profile aligned with the target audience and brand values.

In this way, influence marketing has the potential to generate trust and admiration in the consumer, thus increasing your advertising, positioning and profitability.

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When the price of a normal good rises, the income effect results in ________ in the quantity demanded and the substitution effect results in ________ in the quantity demanded.

Answers

In the case of a normal good, the consumer will decrease the consumption of a good when its price rises. This is because both income and substitution effects are unidirectional in this case.

When the price of an inferior good falls, the substitution effect contributes to an increase in the quantity demanded, and the income effect opposes the substitution effect.

If there is a planned order release of 120 units in week 5 and the lead time is 2 weeks, 120 will show up in week 7 under ________.

Answers

Considering the situation described above, the 120 units will appear in week 7 under "Scheduled Receipts."

This is because Scheduled Receipts are type receipts in supply management that document the order of items expected to be received in a given date or assigned due period.

Unlike planned order receipts, that document order that is yet to be released, Scheduled Receipts document order that has been released.

And given that the lead time is 2 weeks, and the record is in week 7, while we are in week 5 thus, it is expected that the order must have been received by then. Therefore the 120 units would be under Scheduled receipts.

Hence, in this case, it is concluded that the correct answer is "Scheduled receipt."

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A firm has the following sales figures: Year 2011: $2.1 million. Year 2012: $2.3 million. Year 2013 $2.5 million. Year 2014 $2.2 million. Year 2015 $3.1 million. Using the naive approach, determine the forecast for next year's sales. A. $3.2 million. B. $3.1 million. C. $3.4 million. D. $2.5 million

Answers

Answer:

3.1 million

Explanation:

naive approach assumes that your projected data point is just your most recent one

because we have 3.1 million last year we assume that it's going to be that this year

Luther Industries has a dividend yield of 4.5% and and a cost of equity capital of 12%. Luther Industries dividends are expected to grow at a constant rate indefinitely. The grow rate of Luther's dividends are closest to

Answers

Answer:

Explanation:

dividend yield= dividend/PV

dividend discount model:

PV=D/(r-g)

D/PV= r-g

D/PV= .045

r= .12

.045= .12-x

x= .075

so it's expected to increase about 7.5%

You have recently been promoted to General Manager at Creekview Lodge, a 50 room hotel in Gatlinburg, Tennessee. You started working at the lodge in high school in the restaurant and after college, returned to Creekview as one of the assistant managers before being promoted to hotel manager. Recently, a 200-room hotel opened not far from Creekview Lodge, and although Creekview still maintains near 100% capacity there has been quite a bit of turnover. More than ten employees left to work for the larger hotel which boasted higher pay and better health insurance.

You were informed this morning by the front desk team that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness. The current report indicates that 73% of guests responded "completely satisfied", 12% responded "satisfied", 10% responded "neither satisfied nor unsatisfied", and 5% responded "unsatisfied." The housekeeping staff lost four employees to the new hotel, so although disappointed, you aren’t surprised by this news. Still, you could not remember a time that the hotel had received such a low satisfaction rating.

As manager of Creekview Lodge, what is your next step in addressing the problem?

a. Take immediate action and require that all rooms be inspected by the hotel manager (you) or an assistant manager before being made available to customers
b. Review the standards of performance and compare to current performance

Answers

As the manager of Creekview Lodge, the next step will simply be to B. Review the standards of performance and compare them to current performance.

From the information given, it was stated that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness and that several staffs were lost to other companies.

Therefore, it's important to review the standards of performance and compare them to current performance. This will be vital in understanding the various issues that are affecting the company and then addressing them accordingly.

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Is democracy a prerequisite for economic growth?


Answers

Answer:

The problematic debate of economic growth in the developing societies in 50s and 60s has been replaced by the aspiration of the new wave of democratization. Despite the dominant beliefs in the past decades, neither the achievement of political independence nor the practice of the market economy in these countries has resolved the problem of underdevelopment. Yet, many argue that democracy is a prerequisite of economic growth in these countries. Recent economic growths in a few authoritarian societies on one side, and the experiences of sustained democracy with below the average economic growth in other underdeveloped countries demonstrate that democracy alone is not the magic key to the long persisted underdevelopment. Democratization of society, however, through industrialization, economic growth, education, expansion of the middle class (not necessarily through a market economy) wo holds a demand for political participation, is a fundamental step toward a stable and authentic democracy. This can be achieved by the recognition of the new status of the developing societies as the potential competitors of the industrial world in the global market, and with the technical assistance and cooperation of the West.

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